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Example Assignment on Developing Strategic Management and Leadership

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  EXAMPLE ASSIGNMENT ON DEVELOPINGSTRATEGIC MANAGEMENT AND LEADERSHIP /essays/business/assignment-on-developing-strategic-management-and-leadership-skills-business-essay.phpManagement is the group of people who make decisions on how the business can be run and profitablein all dimensions of the organizations or company according to Gold (2010). In fact, these individualswho are involved in the decision making of the organization and are called the management areresponsible and accountable before the strategic leadership in the organization.The second definition that can be given about the management is the initiative and maintenance of aninvestment portfolio in the business organization in all the ways to success achievements according toHarrison (2002). This is the management in which the organization deals with dealing of matters indifferent sectors for improving the productivity and profitability in every area of the business of theorganization. LEADERSHIP:LINK BETWEEN LEADERSHIP AND MANAGEMENT: Bill Gates is the leader and pioneer of Microsoft Inc, but he is not a manager. This statement shows theposition of the leader and the manager. The manager must have the leadership skills but on thecontrary for the leader it is not compulsory to have the managerial skills as these skills are important for the leader but the vision is the goal of the leader but the manager works for targets and tasks for thespecific time period and for the certain period of time.Leadership and management both are important in the organizations or even in the industries. Leadersare welded to the performance and it is also the duty of the leaders to increase the productivity indifferent sectors of the organization. Management with good leadership qualities and the leadershipwith managerial competencies is the demand of the organizations around the globe.Task 1.2 Analyse the impact of management and leadership styles on strategic decisions. IMPACTS OF MANAGEMENT AND LEADERSHIP STYLES ON DECISIONS: Dynamic leadership always does its best to influence the environment and the environment is thesituation in which the decisions are to be taken as the needs arise in the organizations. There aredifferent styles of management and leadership in the business world. PARTICIPATIVE MANAGEMENT AND LEADERSHIP STYLE: Kouzes (2008) states that the participative leadership and management style are open and flexiblemanner of management where employees have the prominent decision making role in the organizationand the participation of the employees is considered as the asset of the organization. So this is veryimportant factor in decision making of the organizational setup.This style is very much appreciated in progressing and growing organizations. Employees feelresponsible and honoured by the leadership which boosts the morale of them in order to complete thetasks of the organization. This leadership style helps in the organization in decision making and whenthis style is applied, the team work and dignity of the employees come forth and they become moreand more productive.  PERSUASIVE LEADERSHIIP AND MANAGEMENT STYLE: Megginson (2003) opines the Persuasive leadership style is all about the quality of the leader in whichthe leader convinces people around him/her in all the effective ways to achieve the goals of theorganization. This style is not possible if the leader fails to convince other people.Persuasion is the essential proficiency for all the leaders as they take people to the level where theycan perform their best and be more and more productive in the organization. The ideas andapproaches of the leader must appeal the people around the leader for the common goals andobjectives in the organization. This style can develop the unity in the organization and the employeesand if the decision is take by the agreement of the employees then it increases the accountability in theemployees in the organizations.Evaluate how leadership styles can be adapted to different situations. IMPLEMENTATIONS OF THE LEADERSHIP STYLES IN DIFFERNTSITUATIONS: Both of the styles stated above are the need of any progressing and developing organization aroundthe globe. Which one is suitable for the organization, depends on the situation from which theorganization is passing through.Most of the bureaucratic organizations being the strict in the rules and regulations make the employeesfeeling bored and the work becomes just and obligation and burden for them to hold. People lose their creativeness and become like the robot and just commitment becomes a burden for them. Thesesituations give birth to the less productiveness and profit as well.If in this situation the leadership decides to give the chance of participation and cooperation andpromote team spirit then the employees come to know that they are not just the machines but thehuman beings and everyone is unique and precious in the way he or she is. Everyone in the world hassome hidden qualities and the only thing is to give that particular one chance to show what that personhas what should be considered while taking the decisions of the different department of theorganization. As this is simple and effective so the organizations must follow these styles. Now the persuasive is themanner in which the employees might come to know that they are special because the leadership willpersuade the employees or staff with the highly professional and reasonable way. So the persuasiveand participative both the styles go together in the organizations have the situation in which people feelbeing bored.2.1 Review the impact that selected theories of management and leadership have on organisationalstrategy in your chosen organisation. MANAGEMENT AND LEADERSHIP THEORIES: Leadership skills are the essentials for the leadership in any business organization. If the organizationspromote the leadership development methods then the success is obvious and there is no way that thesituations may come in the pace of success. There are different leadership theories by which theeffectiveness and need of the leadership become more and more essential. The few of the theories aregiven below to clear the picture of leadership in organizations. SITUATIONAL THEORY: This theory states that leaders everywhere behave in the certain way of their leadership whichdepends upon the situation of the time and the scenario of the company. Moon (2000) opines there can  be different situations in which there might be possible leadership behaviour but these behaviours alsodepend on the situation of that specific time period.In the organizations, this theory is very popular and effective because it goes with the flow and need of that particular time and the best decision is the decision that is done according to the time and demandof the organizations. CONTINGENCY THEORY: This theory has very close resemblance with the first theory (Situational Theory) and this theory is allabout the alternatives and options in order to deal with the problems that come in the way of thesuccess in any dimension of the organization. Mumford and Gold (2004) state leadership must haveanswer to every question arises in the growth and this is only feasible and possible when thecontingency theory is applied in the organizations.Tesco Plc has high rate of such a dynamic leadership which always have alternatives and options aswell as the answers to the questions that come in the situation of the danger or need of theorganization. PARTICIPATIVE THEORY: Treasy (1998) opines the participative leadership and management style are the open andapproachable manner of supervision of the organization and the monitoring with the passion andcomforts is really seen in this leadership theory. Everyone in the organization feels pride and honouredto be involved and get their precious opinions be answered in the company really appreciates them. Sothis theory is very important when the employees feel burden while working in the organization.Tesco plc is promoting this theory in every departments and gives right to all of its employees to takepart in new strategies and planning as everyone has got the right to comment and give suggestions anddrop their precious opinions in writing form and the suggestion boxes everywhere in the stores. TASK 2.2:CREATE A LEADERSHIP STRATEGY THAT SUPPORTS ORGANIZAITONALDIRECTION:INNOVATIONS IN THE ORGANIZATION: There are different strategies that give the direction to the organizations. One of them is the“INNOVATION” that is very effective and the most important factor of the organization. Everyorganization has to develop the creativeness that develops the innovation. This strategy is the uniqueand potential strength of the organization.Gold (2010) opines the process in which an idea of any individual is translated into a good or servicefor what people would love to pay and give attention. Companies or organizations have special peoplewho are supposed to do create and bring new ideas in the form of innovation and these creative andinnovative leaders are the real assets of any developing organizations. HUMAN RESOURCE IN ORGANIZATIONS: Human resource is one of the most effective departments in the organizations that direct theorganization in the way of growth and development. There are different human resource activities thatare performed by this department in the organizations.Human Resource Management deals with different issues in the companies, some of them are the  most important because of their need and necessity in the organizations. Human resource is the vastdepartment that organizes the major issues in the organizations.The first activity of the human resource is the Recruitment and Selection in the companies. Harrison(2002) opines that the in the recruitment the duty of the HRM is in various sectors. Firstly, it publishesor advertises the need of the organization or the companies as the vacancy comes in them. This is alsothe duty of the HRM to contact with the recruitment agencies for the better selection of the candidatesin the companies. After the ads the term comes when the candidates come to the recruitment section and the interviewstake place, if somebody passes the interview then it is the chance for that candidate to go further andget the training to join the organization for the post he has applied or for the post the admin believesthat the person can perform well according to the capability of the candidate. This is the very importantaspect of the companies. If the right people are not coming in the companies then it will be impossibleto have more and more innovative ideas in the companies. From the very first stage to the endingstage the HR plays the significant role in bringing the right people in the companies.The second activity the HRM is the Performance Management which is simply the encouragement of the employees. Johnson (1992) states the performance management is the criteria to check theperformance of the employees and then to bring the unity and uplift the morale, there should be theregular behaviour of the appraisals and the rewards by the companies.The companies do their best to have such an opportunity to arrange the reward system in theorganizations. This is very important that the companies can only help the employees if they are theshowing their excellent performance in their duties and their responsibilities. Performance of theemployees decides who the next for the reward and the encouragement is. Performance managementis the main factor in the organizations in the term of reward system of the employees.In the Tesco Plc, both of these strategies are implemented in order to direct the organization on the wayof success and development in all the stores and branches around the globe. TASK 3.1:USE APPROPRIATE METHODS TO REVIEW CURRENT LEADERSHIPREQUIREMENTS:GLOBALIZATION: Moon (2000) states Globalization is the system of the interaction among different countries of the worldand the purpose of this interaction is to develop the global economy. This unique economy buildingsystem refers to the integration of economists and societies around the globe. This also covers thetechnological, economic, cultural and political exchanges in the organizations and the communications,infrastructure and transportation is also the fruit of this globalization.There are two types of integration. The first one is called Positive and the second is the Negativeintegration. The positive integration is used to aim at standardizing international economic laws andpolicies. In this the countries have their own policies on their tariffs. In the negative integration, Mullins(2010) states negative integration is the breaking down of trade barriers of protective barriers or protective barriers such as tariffs and quotes. EFFECTS OF GLOBALIZATION: Different economists gave their different opinions about the effects of the globalization. There aredifferent changes that can be identified through the globalization. The first effect is the improvement of the international trade. There are more and more countries in demand of the products. Second effect is
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